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Fake Auto Dealer Websites Frauding Consumers
The Point Predictive study traced a pattern across more than 100 websites it believes are being developed by an international theft ring.
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SEARCHMENUSEARCHThe Point Predictive study traced a pattern across more than 100 websites it believes are being developed by an international theft ring.
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As used originations increase, credit unions reach nearly 26% total vehicle financing market share, the highest volume in five years.
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Reaching the Biden Administration’s goal of 50% of U.S. new vehicle sales being BEVs by 2030 is unlikely, says Jack Hollis of Toyota in a webinar.
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J.D. Power and LMC Automotive report predicts average new vehicle transaction prices will hit a record $46,259 in August.
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According to ZeroSum data, new vehicle inventory is expected to rise 2.87% by the end of August while used vehicle inventory could fall 3.48%. At the same time, average new vehicle prices rose 0.10% to $48,429 and used vehicle prices increased 0.53% to $34,242.
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Lower consumer demand has impacted buyer behavior at auctions around the country, but this past week, sellers began to hold firm on floors and the sales rate reflected this change in behavior.
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Dealers need to be vigilant in developing a strategic plan to seize new opportunities so that they continue to thrive.
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Ford Motor Co. will eliminate 3,000 jobs globally, according to a letter sent to employees Monday.
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Tesla faces new competition as new electric vehicle manufacturers come onto the scene.
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Recent data points to more auto borrowers struggling to keep up with loans, but default rates remain below pre-pandemic levels.
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The Federal Trade Commission has proposed new regulations that target dealership ads and F&I practices.
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